Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

deBridge Announces Launch of $DBR Governance Token

Today, deBridge has announced $DBR, its governance token. It is an important step towards the deeper decentralization of the DeFi space. Founded in 2021, deBridge has quickly become one of the world’s leading DeFi bridges, transferring $2.35 billion for 385,000 users while exhibiting perfect security and uptime. 1/ Introducing $DBR The next step in becoming the bridge that DeFi deserves 💜 Everything you need to know about the deBridge token 🧵 pic.twitter.com/NcGsLUBDp8 — deBridge (@deBridgeFinance) May 21, 2024 DBR Token to empowering Stakeholders in deBridge Ecosystem The DBR token launch also correlates with the ethos of ensuring that the benefits…

DeFiMay 21

Ethereum Jumps 18% Amid Speculation of SEC Approval for Spot ETFs

The value of ethereum (ETH), the second-largest cryptocurrency by market capitalization, has increased nearly 18% against the U.S. dollar due to speculation that the U.S. Securities and Exchange Commission (SEC) might approve some spot ether exchange-traded funds (ETFs). Market Buzz Lifts Ethereum to $3,691 On Monday, ethereum (ETH) reached an intraday peak of $3,691 per coin amid swirling rumors on social media and forums about the potential SEC approval of several spot ETH ETFs. According to a report by Coindesk, three sources told the publication exchanges were allegedly instructed by the SEC to update their 19b-4 filings “on an accelerated…

EthereumMay 21

SHIB, BONK, WIF's Sudden Price Jumps; What's Behind Them?

The cryptocurrency market has recently seen a substantial price increase in several tokens, including Shiba Inu (SHIB), Bonk (BONK) and Dogwifhat (WIF). This surprising rally follows weaker-than-expected April jobs data, prompting speculators to shift their bets into riskier assets, including cryptocurrencies. Nonfarm payrolls grew by 175,000 in April, falling short of the Dow Jones consensus projection of 240,000. The unemployment rate rose to 3.9%, defying forecasts that it would remain at 3.8%. A broader jobless rate edged up to 7.4%, the highest level since November 2021. Following the news, traders priced in a high probability of two interest rate cuts…

AltcoinsMay 21

How PayPal And Tron Might Have Influenced European Crypto Policy

This article explores how PayPal and Proof-of-Stake protocols like Tron might have attempted to influence European policy making by commissioning reports, particularly in the context of the upcoming Markets in Crypto-Assets regulation. It also examines the role of the Crypto Carbon Research Institute, which has been active in Crypto-ESG reporting since 2021 and seeks to create a narrative where Proof-of-Stake is greener than Proof-of-Work. 2021: The Beginning Dutch central banker and blogger Alex DeVries, along with Ulrich Gallersdörfer, Lena Klaaßen, and Christian Stoll, published "The True Cost of Digital Currencies: Exploring Impact Beyond Energy Use," highlighting bitcoin's negative impacts beyond…

LegalMay 21

CryptoPunks face backlash while DMarket leads NFT sales

The top-ranking non-fungible token collection for Monday was DMarket, which recorded sales of US$742,104, with 4,016 unique buyers and 3,648 sellers engaging in 34,740 transactions. The second-ranking collection of the day, Fantasy Top, experienced a big daily sales dip to US$682,369 from the previous day’s US$1.80 million, according to CryptoSlam’s NFT rankings. NodeMonkes claimed the third spot in the daily rankings, with sales amounting to US$642,517, a rise from the previous Sunday’s US$274,929. The collection attracted 33 unique buyers and 27 sellers, resulting in 34 total transactions. However, the day’s hot development came from CryptoPunks, which recorded US$636,242 in sales…

NFTMay 21

Ether (ETH) Surges 17%, Polymarket Approval Chances Rocket, as ETF Makes Regulatory Progress

Ether (ETH) surged 17% to over $3,600 as favorable regulatory developments increased the likelihood of ETF approval. The CoinDesk 20, tracking the largest digital assets, rose nearly 8% amid positive regulatory progress on Ether ETFs. Ether (ETH) opened the Asia business day trading above $3,600, up 17%, as favorable regulatory developments increase the chance that an ether exchange traded fund (ETF) will soon be approved, while the yes sides of various Polymarket contracts also jumped on the news.The CoinDesk 20, a measure of the performance of the market's largest digital assets, is up almost 8%. CoinDesk reported towards the close…

EthereumMay 21

Solana to surpass all-time high despite activity decline, expert predicts

Solana witnessed a 30% drop in total value locked but the blockchain has a chance to make new highs soon. According to DefiLlama, the value of decentralized applications fell by $10 billion in April. In addition, the total value locked (TVL) of the Solana blockchain has fallen from a March peak of $4.64 billion to $3.8 billion at the time of writing. The decline in Solana’s performance occurred against the backdrop of a decline in the excitement around meme coins in this blockchain, and the fall of Bitcoin (BTC) after its rapid growth in March. However, Tristan Frizza, founder of…

AltcoinsMay 21

Nigeria’s SEC-Crypto License

In May 2022, Nigeria’s Securities and Exchange Commission introduced a robust regulatory framework for virtual asset service providers, including digital asset exchanges. The framework required compliance with various laws and regulations to foster market integrity, safeguard investors, and deter financial crimes. The rules mandated digital asset exchanges to register, adhere to anti-money laundering (AML) practices, report on their finances, and comply with other regulatory requirements. A 54-page document on the rules of this regulation was released to this effect. This regulatory environment, though challenging, presents a unique opportunity for the Nigerian cryptocurrency market to mature and thrive. This is an…

LegalMay 21

The Sandbox and Bitkub Blockchain Forge Partnership to Expand SEA Metaverse Hub

The Sandbox, a leader in decentralized virtual gaming worlds, and Bitkub Blockchain Technology Co., Ltd., a premier blockchain network in Thailand, have announced a groundbreaking partnership. This collaboration aims to integrate Bitkub Metaverse into The Sandbox, establishing a dynamic metaverse hub in Southeast Asia. The union is set to enrich The Sandbox platform with various experiences, featuring well-loved characters from the Bitkub Metaverse. We're thrilled to announce our partnership with @BitkubOfficial, Thailand's leading #Web3 and blockchain network. 🤝 Together, we're establishing a team of gaming experts in Thailand, exploring new levels of creativity and innovation in the metaverse. pic.twitter.com/36NKajVbnr —…

MetaverseMay 21

Ethereum price prediction as supply in exchanges plummets

Ethereum price surged on Tuesday morning as expectations that the Securities and Exchange Commission (SEC) will approve ETH ETFs jumped. The token has soared to over $3,700 and is quickly nearing its year-to-date high of $4,090. Ethereum balances are tumbling Most analysts believe that the SEC will approve Ethereum ETFs by companies like Ark Invest, Blackrock, Franklin Templeton, and Invesco. Such a move will likely lead to more Ethereum demand as we saw with Bitcoin earlier this year. The iShares Bitcoin Trust (IBIT) is the fastest-growing ETFs globally as it added over $18 billion in assets within five months. All…

EthereumMay 21